RBC Capital analysts initiated coverage on Intuit (NASDAQ:INTU) stock with an Outperform rating and a price target of $760.
The analysts highlighted Intuit’s strong market leadership, successful transition to a subscription model, and potential growth from generative AI (GenAI) as key factors for the positive rating. Additionally, margin expansion is expected to further support the company’s growth. Intuit, known for its tax and accounting software, serves over 100 million customers, including more than 10 million small and medium-sized businesses (SMBs) and over 90 million consumers.